Medica Health Plans

Actuarial Associate

Medica Health Plans$88K — $133K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience in a related field.
  • Minimum of 5 years of work experience beyond degree.
  • Associate of the Society of Actuaries (ASA) designation.
  • Experience in healthcare or insurance actuarial work (preferred).
  • Knowledge of reserving and monthly financial reporting (preferred).
  • Advanced programming skills in data mining and analysis (preferred).

Responsibilities

  • Analyze and evaluate risks to inform decision making.
  • Complete actuarial analysis, valuations, and cost estimates.
  • Perform statistical modeling using programming and database tools.
  • Conduct rate level pricing functions and prepare monitoring reports.
  • Analyze historical data to forecast future trends.
  • Perform additional assigned duties as needed.

Benefits

  • Competitive medical, dental, and vision coverage.
  • Generous paid time off (PTO) and holidays.
  • Paid volunteer time off to encourage community engagement.
  • 401K contributions to support retirement planning.
  • Caregiver services to assist employees in need.
Full Job Description
Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned.

Required Qualifications

  • Bachelor's degree or equivalent experience in a related field.
  • Minimum of 5 years of work experience beyond degree.
  • Associate of the Society of Actuaries (ASA) designation.


Preferred Qualifications

  • Experience in healthcare or insurance actuarial work.
  • Knowledge of reserving and monthly financial reporting.
  • Advanced programming and technical skills in data mining, extraction, and analysis


This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN.

The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

About Medica Health Plans

Medica Health Plans is a non-profit health insurance company based in Minnesota. It was founded in 1975 and provides health insurance to individuals, families, and employers in Minnesota, North Dakota, South Dakota, and Wisconsin. Medica offers a variety of health plans, including HMO, POS, PPO, and Medicare Advantage plans. The company also offers dental, vision, and pharmacy benefits. Medica has received high ratings for customer satisfaction and quality of care. The company is committed to improving the health of its members and the communities it serves.
Learn more about Medica Health Plans
Size
1,700 employees
Industry
Founded
1975

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